Sales return
This query is : Resolved
Sudhir Vij
(Querist)
10 August 2011
How to treat sales return in excise ER-1 return.
Qty. Mfd. Qty. Cleared Ass. Value
10 10 10000/-
Now 2 pcs are returned with assessable value, what should be the treatment of sales return?
Qty. Mfd. Qty. Cleared Ass. Value
10 10 10000/-
Now 2 pcs are returned with assessable value, what should be the treatment of sales return?
U S Sharma
(Expert)
10 August 2011
ER-1 is return of goods manufactured and cleared, such sales return will not be reflected in either ER-1 or DSA(RG-1)
for returned goods, you have to intimate the R/O within 24 hours of such receipt at factory, with documents issued by buyer (invoice, where they have reversed the cenvat credit taken), and after verification the R/O will allow you to take credit in RG23A-part 2. goods would be entered in RG-23A part 1
as you have not shared the reason of return, discuss the reason of return with R/O , he will advise you the procedure for next invoicing.
for returned goods, you have to intimate the R/O within 24 hours of such receipt at factory, with documents issued by buyer (invoice, where they have reversed the cenvat credit taken), and after verification the R/O will allow you to take credit in RG23A-part 2. goods would be entered in RG-23A part 1
as you have not shared the reason of return, discuss the reason of return with R/O , he will advise you the procedure for next invoicing.
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